China Merchants Bank's "overseas RMB repayment" (full purchase of foreign exchange) function means that after spending overseas dollars, you only need to deposit the equivalent RMB in your account after returning home, and it will be automatically converted into US dollars for repayment.

When foreign currency consumption has generated US dollar bills, you can choose to enable the function of "purchasing foreign exchange with US dollar bills for repayment". After opening, RMB repayment will automatically convert foreign exchange purchases into US dollars, giving priority to the repayment of US dollar bills (the exchange rate is the exchange rate on the day you pay), and continue to repay RMB bills after the US dollar bills are paid off.

How to set it up: log in to credit card online banking, and click Repayment Management → Repayment by Purchase of Foreign Exchange.

You can also check the "automatic purchase of foreign exchange" function on the application form when you apply for a card.

Tip:

If the foreign currency transaction is not US dollars, it will be converted into US dollars by the international credit card organization and recorded in the US dollar bill. (In the above process, international organizations such as VISA and MasterCard will charge 1.5% foreign exchange handling fee. )

The amount of foreign exchange purchased in the current period cannot exceed the amount of current US dollar bills, and the exchange rate for foreign exchange purchase is the US dollar selling price of China Merchants Bank announced after the repayment date 10:00.

If the US dollar bill purchase repayment function and the US dollar account "automatic repayment" function are set at the same time, RMB repayment will give priority to the US dollar bill, and the difference between the self-deduction amount (full or minimum) set in the current US dollar bill and the agreed foreign exchange purchase amount will be deducted from the designated US dollar automatic repayment account.

After the automatic purchase of foreign exchange is set up successfully, if the cardholder fails to pay off the US dollar bill on the due repayment date, if there is RMB overpayment in the credit card, the corresponding amount will be automatically deducted from the RMB overpayment to purchase foreign exchange to repay your US dollar bill.